Kanye West has become the richest black man in US history, with an estimated net worth of about $6.6bn, according to Sky News.
As reported by Bloomberg, the new total makes Kanye much richer than the likes of investor and businessman Robert F Smith and basketball legend Michael Jordan.
After claiming to have been nearly $53m in debt just three years ago, the rapper and fashion tycoon became a certified billionaire with the help of his successful apparel and trainer brand, Yeezy, last year. His multi-year contract with clothing retailer Gap also helped him climb the financial ladder.
According to Bloomberg, however, West’s Yeezy and deals with Gap and sportswear giant Adidas are worth $3.2bn to $4.7bn.
While the new Yeezy Gap line, set to be released later this summer, is expected to be worth more than $970m. Being the sole owner of the Yeezy Company, much of West’s personal net worth comes from there.